$1,207,000
SOLD JUN 9, 2023

126 N Portland Ave Ventnor City, NJ 08406

-- Bed
-- Bath
-- Sq Ft
5,271 Sq Ft Lot

Recently Sold

14% Below List Price

20 Days on Market

Highlights

  • Deck
  • 3 Car Attached Garage
  • Forced Air Zoned Heating and Cooling System
  • Workshop

About This Home

As of September 2024

Two Multi-unit residences with nearly $125,000 gross rental income. There is offstreet parking behind and alongside one of the buildings. All residential units are master-leased by one Tenant who owns all the furnishings & decor items, so they remain only as long as the units are rented to them.Those units are operated similar to an Air BnB by their master-tenant, and we only get access to see units during rental turnover. Normally we can't get in to see all of them in one visit. Listing Agent will assist you with showings.

Last Agent to Sell the Property

Rich Suthard

BALSLEY/LOSCO License #SB-8131477 Listed on: 04/07/2023

BALSLEY/LOSCO

Last Buyer's Agent

JOSHUA FENWICK

KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield License #0680596

KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,191

Home Design

  • Vinyl Siding
  • Stucco

Parking

  • 3 Car Attached Garage
  • Stone Driveway

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Gas Water Heater

Additional Features

  • Workshop
  • Deck

Community Details

  • 5 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,191

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: 4 - 10 Units
  • Lvt Date: 04/08/2023
  • Age: 25+ Years
  • Allow Comsumer Comment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Other Rooms: Workshop

Exterior Features

  • Outside Features: Deck
  • Siding Exterior: Stucco, Vinyl

Garage/Parking

  • Driveway: Concrete, Stone
  • Garage: Three Or More Cars, Attached Garage
  • Parking Exterior: Three Or More Cars

Utilities

  • Air Conditioner: Central, Multi-Zoned
  • Heating: Gas-Natural, Multi-Zoned
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Lot Dimensions: 58 x 115 irreg

Rental Info

  • Rental Information: 100 Percent Occupancy

Multi Family

  • Number Of Units: 5
  • Number Of1 Bedroom Units: 1
  • Number Of2 Bedroom Units: 3
  • Number Of3 Bedroom Units: 1
  • Separate Meters: Electric, Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 7, 2025
Sold by
Timothy Tonczyczyn Llc
Bought by
Maule Brooke and Maule Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$787,100
Outstanding Balance
$784,302
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$3,618

Purchase Details

Closed on
Feb 17, 2025
Sold by
Timothy Tonczyczyn Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$787,100
Outstanding Balance
$784,302
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$3,618

Purchase Details

Closed on
Dec 23, 2024
Sold by
Timothy Tonczyczyn Llc
Bought by
126 North Portland Avenue Condominium

Purchase Details

Listed on
Jun 6, 2024
Closed on
Aug 27, 2024
Sold by
Atc2021 Owner Llc
Bought by
Timothy Tonczyczyn Llc
Seller's Agent
Alan Korik
FARLEY and FERRY REALTY, INC
Buyer's Agent
Julie Cicali
REAL-MARGATE
List Price
$599,000
Sold Price
$601,000
Premium/Discount to List
$2,000
0.33%
Views
36

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.04%
Original Mortgage
$810,900
Interest Rate
6.35%
Mortgage Type
Construction

Purchase Details

Closed on
May 2, 2024
Sold by
Sheriff Of The County Of Atlantic
Bought by
Atc2021owner Llc

Purchase Details

Closed on
Jan 21, 2003
Sold by
Khan Hamid
Bought by
Mostofa Khairul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,000
Interest Rate
6.11%

Purchase Details

Closed on
Jun 22, 2001
Sold by
Zarrello James C and Zarrello Jeanne M
Bought by
Kahn Hamid H and Jakeen Saira

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,750
Interest Rate
7.14%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $926,000 Surety Title
Deed -- Absecon Title
Special Master Deed -- None Listed On Document
Deed $601,000 Sjs Title
Sheriffs Deed $1,000 None Listed On Document
Deed $260,000 --
Bargain Sale Deed $185,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $787,100 New Conventional
Previous Owner $810,900 Construction
Previous Owner $247,000 No Value Available
Previous Owner $175,750 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2025 05/07/25 For Sale $865,000 +43.9% --
09/04/2024 09/04/24 Sold $601,000 +0.3% --
08/15/2024 08/15/24 Pending -- -- --
08/08/2024 08/08/24 For Sale $599,000 0.0% --
06/20/2024 06/20/24 Pending -- -- --
06/06/2024 06/06/24 For Sale $599,000 -50.4% --
06/09/2023 06/09/23 Sold $1,207,000 -13.8% --
04/27/2023 04/27/23 Pending -- -- --
04/07/2023 04/07/23 For Sale $1,399,888 +250.0% --
05/28/2021 05/28/21 Sold $400,000 -59.8% --
03/14/2021 03/14/21 Pending -- -- --
02/04/2021 02/04/21 For Sale $995,000 +696.0% --
09/16/2019 09/16/19 Sold $125,000 -16.1% --
07/25/2019 07/25/19 Pending -- -- --
02/14/2019 02/14/19 Price Changed $149,000 -11.8% --
12/07/2018 12/07/18 For Sale $169,000 -- --
Source: South Jersey Shore Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,191 $263,100 $153,100 $110,000
2023 $6,767 $263,100 $153,100 $110,000
2022 $6,767 $263,100 $153,100 $110,000
2021 $6,809 $263,100 $153,100 $110,000
2020 $6,817 $263,100 $153,100 $110,000
2019 $6,801 $263,100 $153,100 $110,000
2018 $6,930 $263,100 $153,100 $110,000
2017 $9,239 $348,900 $153,100 $195,800
2016 $7,905 $361,600 $350,000 $11,600
2015 $8,467 $390,900 $350,000 $40,900
2014 $8,049 $390,900 $350,000 $40,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 572879

South Jersey Shore Regional MLS

APN: 22-00169-0000-00051